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“BCAP in Motion” Net Profit Soars Fourfold

5 September 2022

Jakarta, 5 September 2022

PT MNC Kapital Indonesia Tbk (“BCAP” or the “Company”) reported its unaudited financial results ended 30 June 2022, with consolidated revenues amounting to Rp 1,384.4 billion, growing by 8.0% from Rp 1,281.6 billion in the same period last year. BCAP’s revenue for H1- 2022 mainly came from interest and dividends of Rp 804.3 billion, which also experienced an increase of 12.7% from Rp 713.7 billion in H1-2021. In addition, the Company’s revenue originating from its digital sector are soaring significantly from Rp 45.8 billion in H1-2021 to Rp 145.1 billion in H1-2022, or equivalent to 217.0%. This is in line with BCAP’s commitment and focus on developing an integrated digital financial services ecosystem. The Company’s net profit almost quadrupled, or equal to 283.1%, from Rp 16.0 billion to Rp 61.2 billion in the first half of this year.

BCAP’s consolidated revenue in Q2-2022 grew 9.7% to Rp 662.8 billion from Rp 603.9 billion in Q2- 2021. This increase was supported by digital revenue which jumped significantly by 789.1% from Rp 8.5 billion in Q2-2021 to Rp 75.9 billion in Q2-2022. Fantastic performance growth is reflected in the Company’s net profit which skyrocketed by 4,863.7% from Rp 0.4 billion in the 2nd quarter of 2021 to Rp 21.6 billion in Q2-2022.

PEFINDO has raised credit rating of BCAP to “idBBB+” from “idBBB” with a stable outlook. The rating upgrade reflects BCAP’s strengthened business position following significant development in its digital ecosystem integration strategy that leverages the extensive MNC Media exposure, above average capitalization, as well as its adequate liquidity and financial flexibility. PEFINDO is of the opinion that the ratings could be further upgraded if BCAP’s business profile continues to strengthen significantly through continued improvement of the key subsidiaries’ business and financial indicators.